IHS Maritime Sea-web: Latest Maritime News

African countries that have direct access to the sea should emulate Japan in exploiting their vast maritime resources to bolster their economic progress, International Maritime Organization (IMO) Secretary General Koji Shemizu, has said. Full story >>

India’s state-run Shipping Corporation of India (SCI) said it would start ordering new ships, lifting a two-year freeze on acquisitions following a dismal financial performance in the last four years. Full story >>

A recovery in freight rates has helped the valuation of container ships to increase on the second-hand market, while the balance between tonnage supply and demand remains delicate, a senior shipping analyst said. Full story >>

The European Commission (EC) has vowed to call on the IMO at a meeting in London tomorrow to pressure port authorities and flag states to more closely monitor their ship traffic for illegal migration. Full story >>